As the US Senate advances the GENIUS Act and lawmakers reintroduce the Blockchain Regulatory Certainty Act, Washington is finally stepping up to the plate on crypto.
Senate News
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An increase in leverage use and favorable regulatory changes could trigger an XRP rally to $3.50 and above.
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The Senate is moving ahead on crypto regulation, and some senators have invested in crypto-related companies.
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The GENIUS Act would legitimize stablecoins for institutional adoption and set a precedent for other global jurisdictions, according to the managing partner of DWF Labs.
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Senators Cynthia Lummis and Bernie Moreno asked Treasury Secretary Scott Bessent to “act swiftly” to change a definition in a law impacting digital asset taxes for US companies.
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After quashing a vote over a stablecoin bill in the Senate, a group of Democratic lawmakers reportedly asked Trump allies to consider his ties to the crypto industry.
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Senate Banking Committee Chairman Tim Scott blamed the failure of the GENIUS Act on Democrat-led partisan politics.
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The GENIUS Act failed to clear a procedure called cloture after pushback from Senate Democrats, who raised concerns about US President Donald Trump's crypto ventures.
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President Trump plans a May 22 dinner for top TRUMP memecoin holders amid criticism, calls for impeachment and scrutiny over a $2 billion UAE crypto deal.
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Lawmakers in the US Senate will reportedly move forward with a vote on the GENIUS stablecoin bill before the Memorial Day holiday.
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The US President plans to host a private dinner for the top 220 holders of his TRUMP memecoin.
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Warren said the President has no legal authority to fire Powell, but added that she doesn't trust the President to uphold legal tradition.
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The bill aims to set regulatory standards for crypto firms operating in the state and curb "deceptive practices" associated with recent memecoin scams.
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Bills regulating stablecoins and a potential digital dollar moved out of the US House Financial Services Committee after a late-night vote.
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US lawmakers in the Senate Banking Committee voted to advance four of President Donald Trump's picks for crucial government positions, including prospective SEC chair Paul Atkins.
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